Inflation On The Menu At Some Fast Food Restaurants Here
A Subway store in Saline has begun adding a 10% inflation surcharge to its orders.
The U.S. Bureau of Labor Statistics reported that consumer inflation rose 1.2% in March, following an 0.8% increase in February. Food prices rose 1.0% in March, and 8.8% for the 12-month period ending March 31.
Over the preceding 12 months, overall consumer inflation rose 8.5%, which is the highest rate since 1981.
Michigan Capitol Confidential research this week found that two other widely separated Subways in the state have not added inflation surcharges. Higher prices are a thing at McDonalds, however. On April 28 the company announced positive earnings in the first three months of 2022, driven in part by what it called strategic menu price increases in its U.S. operations.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.